All posts tagged short time

A German solution to save jobs in the long run amid temporary falls in economic activity is set for introduction in neighboring Czech Republic.

The Czech government, labor unions and business leaders this week found initial consensus for the short-time regime, called kurzarbeit in German, that prevents companies from rapidly reducing headcounts and worsening local labor markets due to macroeconomic downturns.

The cabinet will submit a bill to parliament in coming weeks and the legislation could become valid law as of January 1. Read More »

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